First Four Slides
True or False: Every country has its own rules and regulations when it comes to trade.
True
As with trade, most of these are made within and by the world’s most industrialized economies.
What are investments?
The main reasons for growth in international business is this.
What is profit?
These are taxes on foreign goods to protect domestic industries and to earn revenue.
What are tariffs?
This typically describes business activities that occur between two or more countries.
What is international business?
This is the percentage of jobs that rely on foreign trade.
10%
True or False: Another reason growth in international business may occur is stagnant sales in the home country.
True.
True or False: Currencies have different names and values!
Most of the world's trade takes place between these types of countries.
What is developed?
Nearly ___ percent to workers are employed by foreign companies operating in the United States.
5%
This occurs when one company allows a company in another country to make and sell products according to certain specifications.
What is international licensing?
This is the value of one’s country’s currency expressed in the currency of another country.
What is the exchange rate?
The PowerPoint listed these companies as companies that make foreign made goods: (name at least two).
Honda, Sony, Chanel, Cadbury, 7-Eleven.
This is an economic situation where a small number of sellers populate the market.
What is an oligopoly.
This refers to buying goods or services made in another country.
What is importing?
In this, people communicate directly and explicitly (like the in the Untied States).
What is a low context culture?
Doctors taking x-rays in a United States hospital and sending them to another country to be analyzed is an example of an international ____________.
What is service?
This is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
What is perfect competition?
An organization that promotes international trade is this. (There are three correct answers, you just have to get one!)
NAFTA (Northern American Free Trade Association)
WTO (World Trade Organization)
IMF (International Monetary Fund)
In this, communication tends to occur through nonverbal signs and indirect suggestions (like in Japan).
What is a high-context culture?